Jason Kardos' "How's the Market?" Report

Spring Valley, CA 91977

Single-Family Homes

jason.kardos@mthelixlifestyles.com | 619-347-6337 | DRE # 01324429



Spring Valley, CA 91977

Thu Mar 28 2024
This week the median list price for Spring Valley, CA 91977 is $799,000 with the market action index hovering around 66. This is less than last month's market action index of 70. Inventory has held steady at or around 31. Click here to stay informed with the Spring Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Spring Valley, CA 91977

Thu Mar 28 2024
This week the median list price for Spring Valley, CA 91977 is $799,000 with the market action index hovering around 66. This is less than last month's market action index of 70. Inventory has held steady at or around 31. Click here to stay informed with the Spring Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Spring Valley market.
Median List Price $799,000
Median Price of New Listings $772,000
Per Square Foot $449
Average Days on Market 50
Median Days on Market 42
Price Decreased 32%
Price Increased 3%
Relisted 16%
Inventory 31
Median Rent
Market Action 66
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$985,000 2,362 0.25 - 0.5 acre 4 2.5 37 2 1 42
$892,250 1,840 6,500 - 8,000 sqft 3 2.5 47 2 0 35
$775,000 1,812 6,500 - 8,000 sqft 5 3 39 2 1 52
$699,475 1,396 6,500 - 8,000 sqft 3 2 55 4 0 24